50-52 Ridgway, Mirboo North, Vic, 3871

THE​ ​PROPERTY
Positioned​ ​within​ ​Mirboo​ ​North's​ ​main​ ​commercial​ ​strip,​ ​this​ ​substantial​ ​mixed-use​ ​property​ ​combines​ ​a​ ​commercial​ ​shopfront​ ​with​ ​an​ ​attached​ ​three-bedroom​ ​residence.​ ​With​ ​both​ ​components​ ​currently​ ​leased,​ ​the​ ​property​ ​generates​ ​a​ ​combined​ ​rental​ ​income​ ​of​ ​approximately​ ​$36,639​ ​per​ ​annum.

The​ ​commercial​ ​premises​ ​feature​ ​generous​ ​display​ ​windows​ ​and​ ​a​ ​flexible​ ​layout,​ ​currently​ ​configured​ ​with​ ​a​ ​retail​ ​floor​ ​and​ ​two​ ​office​ ​spaces,​ ​while​ ​the​ ​attached​ ​three-bedroom,​ ​two-bathroom​ ​residence​ ​includes​ ​a​ ​large​ ​backyard,​ ​entertaining​ ​deck​ ​and​ ​rear​ ​access​ ​via​ ​Burchell​ ​Lane.​ ​Separate​ ​entrances​ ​allow​ ​each​ ​tenancy​ ​to​ ​operate​ ​independently,​ ​with​ ​an​ ​existing​ ​internal​ ​connection​ ​providing​ ​additional​ ​flexibility​ ​beyond​ ​the​ ​current​ ​leasing​ ​arrangements.

THE​ ​HIGHLIGHTS
-​ ​1,393m²​ ​(approx.)​ ​allotment
-​ ​Commercial​ ​1​ ​Zone​ ​(C1Z)
-​ ​Two​ ​titles
-​ ​Residence​ ​leased​ ​at​ ​$440​ ​per​ ​week​ ​until​ ​April​ ​2027
-​ ​Commercial​ ​tenancy​ ​returning​ ​$13,758.84​ ​per​ ​annum
-​ ​Annual​ ​CPI​ ​review​ ​with​ ​further​ ​commercial​ ​lease​ ​options​ ​available​ ​through​ ​to​ ​June​ ​2029
-​ ​Commercial​ ​tenant​ ​responsible​ ​for​ ​building​ ​insurance,​ ​council​ ​rates​ ​and​ ​water​ ​rates
-​ ​Commercial​ ​shop​ ​floor​ ​measuring​ ​approximately​ ​9.7m​ ​x​ ​7.5m,​ ​plus​ ​two​ ​offices
-​ ​Commercial​ ​kitchenette,​ ​storage,​ ​toilet​ ​and​ ​heating/cooling
-​ ​Two-vehicle​ ​open​ ​carport​ ​plus​ ​additional​ ​residential​ ​parking
-​ ​Two​ ​smart​ ​meters​ ​servicing​ ​the​ ​property

THE​ ​LIFESTYLE
At​ ​the​ ​heart​ ​of​ ​Mirboo​ ​North's​ ​commercial​ ​precinct,​ ​cafés,​ ​the​ ​supermarket,​ ​retail,​ ​professional​ ​services​ ​and​ ​everyday​ ​amenities​ ​are​ ​all​ ​within​ ​easy​ ​walking​ ​distance,​ ​supporting​ ​both​ ​the​ ​commercial​ ​tenancy​ ​and​ ​the​ ​convenience​ ​of​ ​residential​ ​living.

Beyond​ ​the​ ​established​ ​dual​ ​income,​ ​the​ ​combination​ ​of​ ​commercial​ ​and​ ​residential​ ​spaces​ ​provides​ ​longer-term​ ​flexibility,​ ​including​ ​the​ ​potential​ ​for​ ​a​ ​future​ ​owner-occupier​ ​to​ ​bring​ ​their​ ​business​ ​and​ ​home​ ​together​ ​at​ ​the​ ​one​ ​address​ ​once​ ​the​ ​existing​ ​leases​ ​permit.

*While​ ​every​ ​effort​ ​has​ ​been​ ​made​ ​to​ ​ensure​ ​the​ ​accuracy​ ​of​ ​the​ ​information​ ​contained​ ​herein,​ ​prospective​ ​purchasers​ ​are​ ​encouraged​ ​to​ ​review​ ​the​ ​Due​ ​Diligence​ ​Checklist​ ​provided​ ​by​ ​Consumer​ ​Affairs​ ​Victoria​ ​and​ ​to​ ​make​ ​their​ ​own​ ​enquiries​ ​regarding​ ​the​ ​property​ ​–​ ​consumer.vic.gov.au/duediligencechecklist